By: Amr Adel
The CEO of Dubai Investment Development Agency (Dubai FDI), Fahad Al Gergawi, said on Sunday that he expects foreign direct investment inflows to Dubai to grow 5% in 2017.
Al Gergawi told reporters on the sidelines of Annual Investment Meeting (AIM) 2017 in Dubai that the focus will be on the major sectors in attracting foreign investments, such as commerce, services, and tourism, as well as health, education, and green energy.
Last year saw a growth in foreign direct investments (FDI) in knowledge and innovation by 5%, compared to 1% in the year before, he added.
Dubai is considered an open marker to the companies that aim at expanding its base in a large regional geographic are that has more than 2.4 billion consumers, Al Gergawi indicated.
When asked about the recent Amazon acquisition of the Dubai-based Souq.com, the CEO of Dubai FDI said that the deal assures the local market’s ability to create competitive companies, which motivates entrepreneurs as well as small and medium enterprises (SMEs).
